The Japanese central bank had revised the 2009 economic growth forecast upwards few weeks back. Now the Bank of Japan has indicated that it may allow the Corporate borrowing window on 31st December 2009, since it is no more needed for the corporate sector.
The window was opened by the BoJ at the height of the global economic meltdown, to help direct funding of corporate sector by buying their bonds and commercial papers. But the strong recovery in the stock markets and money markets in the last six months, has helped companies raise funds directly from the market at competitive rates.
Hence BoJ is planning to shut down this window, which also signals that Japan is on the road to recovery.